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20.03.202311:04 Forex Analysis & Reviews: Trading tips for gold

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 20.03.2023 analysis

The trading strategy presented on March 1 sought to increase the rate of gold to $ 2,000.

Plan:

Exchange Rates 20.03.2023 analysis

That is exactly what happened this morning, when the quote reached the important psychological mark of $ 2,000.

Exchange Rates 20.03.2023 analysis

Congratulations to all those who followed the plan! The movement was as much as 17,000 pips.

Traders could close part of the long positions for profit.

The trading idea was based on the "Price Action" and "Stop hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko
Analytical expert of InstaForex
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